TOWN OF WALLKILL – A fourth hotel is being proposed for Crystal Run Crossing off exit 122 of Route 17 in the Town of Wallkill.
A 106-room Homewood Suites will be developed by the SAPA LLC owned by Sonny Patel, a local developer of hotels and other properties.
The builder is seeking Orange County Industrial Development Agency incentives, but not the often-controversial payment-in-lieu-of-taxes, said IDA Executive Director Bill Fioravanti.
“What I like is that we are not providing a PILOT for the project but we are enabling them to save on the sales tax on building materials and furniture and fixtures for the project as well as an exemption on a mortgage recording tax. It’s a just over one percent tax when you have a commercial mortgage,” he said.
The IDA is expected to approve the incentives later this month.
Yet another hotel is planned on East Main Street in the Town of Wallkill.
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